RBL is now ready for a big short movement as it has broken all barriers in terms of moving averages. Price is currently under pressure and can expect the following to happen
short price - cmp
Stop loss - 381
Target 1 - 302
target 2 - 286
Target 3 - 230
Strategy - Short 2 lots and cover 1 at 302 and the second at 286, if it trades less than 280 for more than...
Cup and saucer formation is underway on the daily charts of Ujjivan , Time to buy and saddle up
Buy 3 Lots at the following Price
1 Lot - 288 or CMP
if it falls below 284- 280 - Pick up one more lot
3rd lot pick up at 260
Stop loss 253
Target Price - 375
1st target 325
2nd target 375
Time frame - 22-25 days
RSI: Bearish divergence
Channel: Upper end
A 6% drop can be expected.
Use your own SL levels (prefer), if confused follow the mentioned levels.
Expected Level: 194.55
(This is only my opinion, not financial advice. Consult your financial advisor before making any decision based on it)
Animesh Vashisht, CFTe
Buy call given on 26th March
Gave over 60K profit per lot
This trade is already executed and profits have been booked.
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